Solution Financial Inc. Faces Q2 Downturn, Remains Hopeful

Solution Financial Inc. (TSE:SFI) has released an update.

Solution Financial Inc. has reported a net loss of $29,046 for Q2 2024, a downturn from the net income of the previous year, despite a 10% increase in their leasing portfolio and a notable 76% growth in lease originations due to a new local leasing program. The company attributes the loss to the general slowdown in luxury vehicle sales but remains optimistic about future growth and market opportunities, highlighting a strong performance in the ultra-luxury market and potential benefits from recent reductions in Canada’s prime lending rate.

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